Star Group L.P.

Good day and welcome to the STAR Group fiscal 2025 second quarter results conference call. All participants will be in the listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Chris Witte, Investor Relations Advisors. Please go ahead.

Thank you and good morning. With me on the call today are Jeff Woosnam, President and Chief Executive Officer, and Rich Amberry, Chief Financial Officer. I would now like to provide a brief safe harbor statement. This conference call may include forward-looking statements that represent the company's expectations and beliefs concerning future events that involve risks and uncertainties and may cause the company's actual performance to be materially different from the performance indicator or implied by such statements. All statements other than statements of historical facts included in this conference call are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations are disclosed in this conference call, the company's annual report on Form 10-K for the fiscal year ended September 30th, 2024, and the company's other filings with the SEC. All subsequent written and oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. Unless otherwise required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether a result of new information, future events, or otherwise, after the date of this conference call. I'd now like to turn the call over to Jeff Usna. Jeff?

Thanks, Chris, and good morning, everyone. Thank you for joining us to discuss our second quarter and fiscal year-to-date results. Our performance this quarter was positively impacted by recent acquisitions and weather that, while 4.5% warmer than normal, was almost 13% colder than in fiscal 2024. This led to a nearly 23% increase in home heating oil and propane volume and a $32 million improvement in adjusted EBITDA versus the prior year period. We've been rather busy on the acquisition front this year. As a matter of fact, since February 1st, 2024, we've completed $126.5 million of transactions, some of which were acquired during our current heating season and therefore are not fully reflected in our results. Our pipeline of opportunities remains active and we closed on two businesses during the quarter, as well as a very small transaction in April. All of these companies are within our existing operating footprint and serve to further strengthen our presence in these respective markets. Along with strategically using capital to grow the business, we recently raised our annual dividend by 5 cents to 74 cents per unit, increasing value for our shareholders. All of this is consistent with our goal of allocating capital in ways that maximize returns for our investors. Let me add that it was quite rewarding to see how our team responded to the added demand brought on by colder temperatures. Our frontline employees once again proved themselves, working tirelessly to provide our customers with the best service possible. I simply couldn't be more proud of their efforts. As we come to the end of the heating season, we continue to focus on operational execution and efficiency, as well as the ongoing expansion and improvement of our HVAC business. We are pleased with our results year to date and look forward to the opportunities that summer brings to further invest in our people and advance various business development initiatives. With that, I'll turn the call to Rich to provide additional comments on the quarter's results.